Comfort Systems USA (NYSE:FIX) SVP Sells $1,559,420.28 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) SVP Terrence Reed sold 1,116 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the sale, the senior vice president directly owned 2,834 shares in the company, valued at $3,960,033.22. This represents a 28.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Terrence Reed also recently made the following trade(s):

• On Tuesday, February 24th, Terrence Reed sold 671 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,457.17, for a total value of $977,761.07.

Comfort Systems USA Stock Down 7.2%

NYSE FIX traded down $103.57 during trading hours on Thursday, hitting $1,326.81. 403,835 shares of the company were exchanged, compared to its average volume of 440,401. The company has a 50 day moving average of $1,185.24 and a two-hundred day moving average of $973.90. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The firm has a market cap of $46.66 billion, a price-to-earnings ratio of 45.91 and a beta of 1.63. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm’s revenue was up 41.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.09 EPS. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is 8.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Client Services LLC boosted its stake in shares of Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after acquiring an additional 2,354 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Comfort Systems USA by 2,271.3% during the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after purchasing an additional 15,831 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Comfort Systems USA by 19.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after buying an additional 2,461 shares in the last quarter. Triasima Portfolio Management inc. acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $2,392,000. Finally, Calamos Advisors LLC purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $1,527,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIX. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. DA Davidson raised their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. UBS Group reiterated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. Finally, Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.